1/21-23 1 Flowty Terms of Service These Terms of Service are entered into by and between you (“you” or “your”) and flowtyNFT Inc. (“Flowty,” “we,” “our,” or “us”). The following terms and conditions, together with the schedules and any documents expressly incorporated by reference (collectively, “Agreement”), govern your access to and use of the technology service offering made available to you through Flowty.ioand further described in this Agreement (“Service”). BY CLICKING THE “I ACCEPT”BUTTONOR SIMILAR ATTESTATION WHEN SUCH OPTION IS MADE AVAILABLE TO YOU OR OTHERWISE VISITING THE FLOWTY.IO WEBSITE OR USING THE SERVICE, YOU ACCEPT AND AGREE TO BE BOUND BY THIS AGREEMENT EFFECTIVE AS OF THE DATE OF SUCH ACTION. YOU EXPRESSLY ACKNOWLEDGE AND REPRESENT THAT YOU HAVE CAREFULLY REVIEWED THIS AGREEMENT AND FULLY UNDERSTAND THE RISKS, COSTS AND BENEFITS RELATED TO TRANSACTIONS MADE USING THE SERVICE. YOU REPRESENT,WARRANT, COVENANT, ACKNOWLEDGE AND AGREE AS SET FORTH IN THE TERMS AND CONDITIONS OF THIS AGREEMENT. IF YOU ARE ENTERING INTO THIS AGREEMENT ON BEHALF OF A COMPANY OR OTHER LEGAL ENTITY, YOU REPRESENT THAT YOU HAVE THE AUTHORITY TO BIND SUCH ENTITY AND ITS AFFILIATES TO THIS AGREEMENT, IN WHICH CASE THE TERMS “YOU” OR “YOUR” SHALL REFER TO SUCH ENTITY AND ITS AFFILIATES. IF YOU DO NOT AGREE WITH THE TERMS AND CONDITIONS OF THIS AGREEMENT, OR IF YOU DO NOT HAVE SUCH AUTHORITY TO ENTER INTO THIS AGREEMENT, YOU MUST NOT ACCEPT THIS AGREEMENT AND MAY NOT ACCESS OR USE THE SERVICE. In addition to other important terms and conditions in this Agreement, this Agreement contains both a jury trial waiver and a class action waiver, as well as an agreement to resolveany disputes that may arise by arbitration. PLEASE REVIEW SECTIONS13.5to13.8to understand your rights and how you may opt out of such requirements. The Service is offered and available only to individuals who are 18 years of age or older and who are not a Disqualified Person. By using the Service, you represent and warrant that you are of legal age to form a binding contract with Flowty and meet all of the foregoing eligibility requirements. If you do not meet all of these requirements, you must not access or use the Service. Capitalized terms used this Agreement that are not otherwise defined in the relevant Section shall have the meanings given in Schedule 1. In consideration of the mutual covenants, terms, and conditions set forth herein, and for other good and valuable consideration, the receipt andsufficiency of which are hereby acknowledged, the parties intending to be legally bound agree as follows: 1.Flowty Service Access; Restrictions 1.1.Access and Use. Subject to and conditioned on your compliance with the terms and conditions of this Agreement, Flowty hereby grants to you, a non-exclusive, non-transferable, non- assignable right to access and use the Service solely for your use as a User in accordance with this Agreement. To the extent a mobile app owned by us is made available to you as part of the Service,weherebygrantyouanon-exclusive,non-transferrable,non-assignable,non- sublicenseable license under copyright to download a single copy of such mobile app onto your device to use and display such mobile app for the sole purpose of enabling you to use such app as part of the Service in accordance with this Agreement. Flowty reserves the right at any time
2 to make any changes to the configuration, appearance, content functionality, and scope of the Service. Without limiting the generality of anyother provisions of this Agreement, Flowty reserves the right at any time, in the exercise of its sole and reasonable discretion, without any liability whatsoever to (i) impose limitations on access to or use of the Service and (ii) temporarily suspend, orto temporarily or permanently restrict access to, the Service or any particular portion thereof. Flowty shall, where reasonably practicable, provide notice to you of any suspension, restriction or limitation on your access to the Service in reasonable detail and the steps required by you to remedy the same. 1.2.Use Restrictions. You shall not use the Service for any purposes beyond the scope of the access granted in this Agreement. Without limiting the foregoing, you agree that you shall not at any time: a)copy, modify, translate, adapt, or otherwise create derivative works of the Service, in whole or in part; b)rent, lease, lend, sell, license, sublicense, assign, distribute, publish, transfer, or otherwise make available the Service; c)reverse engineer, disassemble, decompile, decode, adapt, or otherwise attempt to derive or gain access to any proprietary or non-public software component of the Service, in whole or in part; d)bypass or breach any security device or protection used by the Service or Third-Party Services; e)damage, destroy, disrupt, disable, impair, interfere with, or otherwise impede or harm in any manner the Service, Flowty’s information technology systems, or otherwise interfere with Flowty’s provision of the Service; f)introduce any Harmful Codeinto the Service, or any Third-Party Service, including but not limited to the Flowty Smart Contract, and the Flow Blockchain; g)remove any proprietary notices from the Service; h)use the Service in any manner or for any purpose that infringes, misappropriates, or otherwise violates any intellectual property right or other right of any person (including any privacy rights); i)use the Service to scrape data or for purposes of competitive analysis of the Service, for the development of a competing software productor service, or any other purpose that is to Flowty’s commercial disadvantage; j)use the Service to sell, or buy NFTs or other items that give the respective NFT Holders rights to participate in an ICO or any securities offering, or that are redeemable for securities, commodities, or other financial instruments; k)Use the Service to engage in price manipulation, fraud, or other deceptive, misleading, or manipulative activity;
3 l)take any action with respect the Service, a Flowty Smart Contract or any Digital Wallet to interfere with the proper functioning of the Service or Transactions (as defined below); or m)use the Service to buy, sell, or transfer stolen items, fraudulently obtained items, items taken without authorization, and/or any other illegally obtained items, or in violation of any Applicable Law. 2.Service Participants; Transactions and Flowty Smart Contracts 2.1.Transactions and the Direct User Agreement. The Service operates on the Flow Blockchain to enable NFT Holders and Independent Users to propose, acceptand manage peer-to-peer Fungible Token loan transactions, NFT rental transactions and/or buy or sell NFTs (each a “Transaction” or collectively referred to as “Transactions”). Transactions are executed entirely on the Flow Blockchain based on (i) pre-published rules in the Flowty Smart Contract and (ii) the terms of the direct bi-lateral agreement independently established and accepted between the respective NFT Holder and Independent User (“Direct User Agreement”). Each Direct User Agreement includes terms agreed between each Independent User and NFT Holder for a Transaction. Flowty is not a party to any Direct User Agreement, nor does it set the relevant terms of the Direct User Agreement or have the ability to change any terms of the Direct User Agreement. Flowty does not control the Flow Blockchain, Direct User Agreements, the NFTs or Fungible Tokens used in Transactions, and does not serve in any capacity as an agent, controller, collateral agent, security trustee or other third party agent on behalf ofthe NFT Holder, Independent User, or NFT Issuer. This Agreement is not, and does not establish, a deposit control agreement, securities account control agreement, escrow agreement or any similar tri-party agreement amongFlowty,NFT Holders,Independent Users,orNFT Issuers.Underno circumstance shall Flowty be deemed to have “control” (as such term is defined in Article 9 of the Uniform Commercial Code) of the Flow Blockchain, Direct User Agreements, the NFTs or Fungible Tokens used in Transactions or to be exercising “control” pursuant to the terms of this Agreement. 2.2.Flowty Smart Contract. The Service executes Transactions solely based on the terms of the Direct User Agreement and the strict rules of the Flowty Smart Contract, including rules for distribution of the respective Fungible Token amounts, the NFT lock and release, and payments in accordance with Schedule 2 or Schedule 3, as applicable. The terms of the Direct User Agreement and the Flowty Smart Contract cannot be changed by an NFT Holder, Independent User or Flowty following consummation of the Direct User Agreement; provided that, Flowty may in its sole discretion update the Flowty Smart Contract to fix bugs or other errors impacting the Service. 2.3.Digital Wallets and Like Kind Fungible TokenSettlement. Each Independent User and NFT Holder is required to link an established Digital Wallet and maintain the designated Digital Wallet for use of the Service until all Transactions under the applicable Direct User Agreement have been settled. You have the sole responsibility to establish, and maintain, in fully operational, secure and valid status, access to your Digital Wallet and maintain, in your fully secure possession, the credentials for accessing your Digital Wallet and the private key for your Digital Wallet. In the
4 event of any loss, hack or theft of Digital Assets from your Digital Wallet, you acknowledge and agree that you shall have no right(s), claim(s) or causes of action in any way whatsoever against Flowty for such loss, hack or theftof such Digital Assets. The Service is not compatible with any Digital Assets other than Fungible Tokens and NFTs, and you understand that any attempt to use incompatible Digital Assets will result in complete loss of such incompatible Digital Asset. The Digital Wallet and type of Fungible Tokens (e.g.,FLOW) used to consummate the applicable Direct User Agreement by each Independent User and NFT Holder must be the same Digital Wallet and type of Fungible Tokens (e.g., FLOW) used to complete any Transactions related to the Direct User Agreements, including for Early Repayment or the Settlement Process and NFT Collateral release described in Schedule 2 and NFT rental returns described in Schedule 3.By way of example, ifFLOWis used to distribute the Loan Disbursement Amount pursuant to Schedule 2, Section1.3from Independent User Digital Wallet xxxxxxxxxx1bb44028 to NFT Holder Digital Wallet xxxxxxxxxxe026d2, the Loan Repayment Amount must also be inFLOWdistributed fromNFTHolderDigitalWalletxxxxxxxxxxe026d2toIndependentUserDigitalWallet xxxxxxxxxx1bb44028. Independent User and NFT Holder shall ensure that their respective Digital Walletsare enabled to send and receive Digital Assets as contemplated in this Agreement. 2.4.Flowty Storefront. Services include a buy/sell listing type for NFTs being sold by an NFT Holder (“Flowty Storefront”). Schedule 4sets forth applicable terms and conditions that additionally apply when you engage in any Transaction through the Flowty Storefront as an Independent User purchasing an NFT or NFT Holder selling an NFT. 2.5.Third Party Services Acknowledgement. You acknowledge that the Service includes both proprietary technology as well as Third-Party Services, including third-party software code incorporated in the Service and the Flow Blockchain. Certain functionality of the Service is dependent on Third-Party Services and the Flow Blockchain, and if any event were to disrupt any functionality provided by any respective Third-Party Service, the Service may similarly experience a disruption. 2.6.Downtime.Flowty uses commercially reasonable efforts to provide access to the Service in a reliable and secure manner. From time to time, interruptions, errors, delays, or other deficiencies in providing access to the Service may occur due to a variety of factors, some of which are outside of Flowty’s control, and some which may require or result in scheduled maintenance or unscheduled downtime of the Service (collectively, “Downtime”). Part or all of the Service may be unavailable during any such period of Downtime, and Flowty shall not be liable or responsible to you for any inconvenience or Losses as a result of Downtime. You hereby waive any claim against Flowty as a result of Losses resulting from Downtime. 2.7.Privacy.When you use the Service, there may be instances in which you share information with us and Flowty processes your information that may be considered personal information. When your personal information is collected and further processed by or on behalf ofFlowty, such processing will be in accordance with Flowty’s Privacy Policy located atFlowty.io/privacy (“Privacy Policy”) which is incorporated into this Agreement herein by reference. Information related to a Transaction that is posted on the Flow Blockchain is not under the control of Flowty
5 and is not covered by Flowty’s Privacy Policy. While information that is posted on the Flow Blockchain does not directly identify you, suchinformation is not fully anonymous and instead is considered pseudonymized information. Flowty will not attempt to identify any individual through pseudonymized information unless otherwise required under Applicable Law or as may be needed to provide you with notice under this Agreement and as provided in the Privacy Policy. 3.Fees 3.1.Flowty Fee. Transactions shall be subject to a technology fee (i.e., the Flowty Fee) to use the Service provided by Flowty, whether a Transaction relates to a Direct User Agreement with an Independent Lender, Independent Renter or Independent Buyer. The Flowty Fee is solely a technology access fee for access to and use of the Service. The Calculation Disclosures (provided below) include other information concerning fees and calculations used in the Flowty Smart Contract, which Calculation Disclosures may be updated from time to time by Flowty. Flowty Fees for a Direct User Agreement with an Independent Lender,Independent Renteror Independent Buyer(as applicable) are as follows: a)Flowty LoanService Fee. The Flowty Fee for a Transaction involving an Independent Lender (“Flowty Loan Service Fee”) is set forth in the fee calculation disclosures available at https://docs.flowty.io/reference/p2p-personal-loans/loan-fees. b)Flowty Rental Service Fee. The Flowty Fee for a Transaction involving an Independent Renter (“Flowty Rental Service Fee”) is set forth in the fee calculation disclosure available at https://docs.flowty.io/reference/p2p-rentals/rental-fees. c)Flowty Storefront Transaction Fee. The Flowty Fee for a Transaction on the Flowty Storefront involving an NFT Holder that sells an owned NFT through the Flowty Storefront (“Flowty Storefront Transaction Fee”) is set forth in the fee calculation disclosures available athttps://docs.flowty.io/reference/secondary-marketplace/secondary-marketplace-fees. Each of the calculation disclosures provided in (a) through (c) above shall each be referred to as a “Calculation Disclosure” and collectively as “Calculation Disclosures” in this Agreement. 3.2.NFT Issuer Royalty. In addition to the Flowty Fee, the Service may require the depositor transfer ofFungible Tokens asmay benecessary to satisfy royalty paymentsforthe respective NFT Issuer that aretypicallytriggered upon the ownership transfer of the applicable NFT used in a Transaction (“NFT Issuer Royalty”). If applicable, the NFT Issuer Royalty is either held in the Flowty Smart Contract for the benefit of the NFT Issuer only or paid directly to the NFT Issuer as part of a Transaction, and is separate from the Flowty Fee. In the event the NFT Issuer Royalty is released tothe NFT Issuer in accordance with Schedule 2,Schedule 3or Schedule 4(as applicable), the NFT Issuer Royalty will be transferred to the NFT Issuer Digital Wallet designated for royalties by the on-chain instructions contained within the NFT used in a respective Transaction or otherwise as designated by the NFT Issuer. 3.3.Taxes.You shall be responsible for determining Payable Taxes applicable to any Transactions and declaring, withholding, collecting, reporting and remitting the correct amount of Payable Tax to the appropriate tax authorities. You shall be solely liable for all penalties, claims, fines,
6 punishments, or other liabilities arising from the non-fulfillment or non-performance to any extent of any of your obligations in relation to the Payable Tax. Flowty shall not be responsible for determining any Payable Tax and declaring, withholding, collecting, reporting and remitting the correct amount of Payable Tax to the appropriate tax authorities except as otherwise required by Applicable Law. 4.Risk Disclosures Flowty is not responsible for any Losses (including, without limitation, Losses due to theft, fraud, cybersecurity breach, loss of control of private keys) arising from use of the Service or any Transactions. Without limiting the generality of the foregoing,cryptocurrency transactions inherently involve risks that include, without limitation, those risks outlined below: •The Service, Third-Party Services and associated systems and operations are vulnerable to damage or interruption from fire, flood, power loss, telecommunications failure, terrorist attacks, cyberattacks, acts of war, criminal activities, earthquakes and similar events. Any system interruption that results in the unavailability of the Service (or any Third-Party Service) computer systems or reduced performance of its systems could interrupt or substantially negatively impact the business, and operations of Flowty (such as its ability to, among other things, conduct business and provide the Service), which in effect, may limit a User’s ability to perform as required as part of the Transaction during any interruption or the unavailability of the Service or any Third-Party Service. •Flowty may be subjected to a variety of cyberattacks from time to time. Such attacks could result in the disruptionof hardware and software systems, loss, misuse, misappropriation and corruption of data and information, including proprietary information or personal data, interruption of Flowty’s operations, including the Service, which could have a material adverse effect on Flowty’s business and ability to provide the Service. •Many market, technological and legal forces are outside the exclusive control of Flowty. Third-Party Services,FungibleTokens, NFTs, other cryptocurrencies, the Flow Blockchain, blockchain technology generally, and otherassociated andrelated technologies are not exclusively controlled by Flowty and adverse changes in market forces, including but not limited to, amendments toregulatory orintellectual property law, technological advancements, decreases in any NFT,FungibleToken, or cryptocurrency or cryptographic token utility, social or economic reforms, the failure of commercial relationships, or the malfunction, breakdown or abandonment of the cryptocurrency protocols may prevent or compromise Flowty’s ability to provide the Service. •The application of blockchain technology is novel and untested and may contain inherent flaws or limitations. Blockchain technology is an emerging technology that offers new capabilities which are not fully proven in use. Risks associated with the blockchain technology could affect the business of Flowty,
7 how the Service must be offered, or the market for blockchain assets generally (including NFTs andFungibleTokens) and may prevent or compromise Flowty’s ability to provide the Service. •There is no guarantee that any NFT orFungibleToken will hold value or increase in value. NFTs,FungibleTokens, and Digital Assets are highly speculative, and maintaining value and utility is contingent upon numerous circumstances, all of which (including legal and regulatory conditions) are beyond Flowty’s control. There is no assurance that any Digital Asset, including any NFTor anyFungibleToken, will maintain value or utility. 5.Compliance and Regulatory 5.1.Compliance with Law. The Transactions and your access to and use of the Service in any manner and for any purpose permitted hereunder is subject to all Applicable Laws. Flowtyreserves the right to make changes to its policies, operational guides, procedures, and protocols without notice to you as necessary to comply with Applicable Law or otherwise. 5.2.No Custody. The Service is non-custodial, which means Flowty never holds custody of any Digital Assets. Flowty is not involved in the purchase, sale, execution, custody, or trading of Fungible Tokens or NFTs, and only provides the Service to send instructions to the Flow Blockchain for the Transactions. 5.3.No Investment Advice. Flowty acts solely as a technology provider of the Service and will not exercise any investment or tax planning discretion regarding Transactions or otherwise through the Service. Under no circumstances will access to the Service be deemed to create a relationship that includes the provision or rendering of investment advice. Neither Flowty nor any of its affiliates, or its and their respective officers, directors, employees, agents, principals, or representatives provide investment advice, recommend any Digital Assets or Transactions, or offer any advice or suggestions on rates or pricing with respect to any Transaction using the Service or Direct User Agreements. To the extent information on any Digital Asset, the Flow Blockchain, Transactions, or other related blockchain technologies is available or made available through the Service, such information is intended for informational and educational purposes only and does not constitute a recommendation by Flowty to enter into any Transactions, to engage in anyinvestment strategies, or as advice about the value or usefulness of any NFT. 5.4.Due Diligence is Your Responsibility. Flowty shall have no duty or responsibility to review or perform due diligence on any Users or NFTs. Users are responsible for conducting their own due diligence on all NFTs and potential Transactions concerning the same and take sole responsibility for all decisions made through the Service. Flowty does not provide any valuation, analytics, appraisals, or other information for any Digital Assets. To the extent a suggested valuation, analytic, appraisal, or other information for any Digital Asset is provided on the Service, such information is provided by various third party sources. Flowty shall not be expected or obligated to attempt to verify the validity, accuracy or reliability of any such third party information and Flowty shall in no way be held liable for any such information. The valuations, analytics, appraisals, or other information for any Digital Assets are neither verified nor substantiated, and any reliance on such information is at your own risk.
8 5.5.No FDIC or Other Insurance. Flowty and the Service is not insured by the FDIC or any Flowty insurancepolicies.TolearnmoreaboutFDICinsurance,go tohttps://www.fdic.gov/resources/deposit-insurance/. The Transactions are not protected by FDIC insurance or by any Flowty insurance policies. You are advised to directly obtain, at your sole cost and expense, any separate insurance policies you desire for any Transaction. 5.6.Disqualified Persons. You are not authorized to use the Service if there are applicable legal restrictions in your country of residence that would make the use of the Service illegal. It is your sole responsibility to ensure that your use of the Service is not prohibited, restricted, curtailed, hindered, impaired or otherwise adversely affected in any way by any Applicable Law inyour country of residence or domicile. In addition, you are not authorized to use the Service if you are: a)a citizen, domiciled in, resident of, or physically present / located in an Excluded Jurisdiction. b)where you are a corporate body: (i) which is incorporated in, or operates out of, an Excluded Jurisdiction, or (ii) which is under the control of one or more individuals who is/are citizens of, domiciled in, residents of, or physically present / located in, an Excluded Jurisdiction; c)an individual or body corporate: (i) included in the consolidated list published by the United Nations Security Council of individuals or entities subject to measures imposed bytheUnitedNationsSecurityCouncilaccessibleat https://www.un.org/securitycouncil/content/un-sc-consolidated-list; or (ii) included in the United Nations Lists (UN Lists) or within the ambit of regulations relating to or implementingUnited Nations Security Council Resolutions listed by MAS and accessible byhttps://www.mas.gov.sg/regulation/anti-money-laundering/targeted-financial- sanctions/lists-of-designated-individuals-and-entities; or d)an individual or corporate body who is otherwise prohibited or ineligible in any way, whether in full or in part, under any law applicable to such individual or corporate body from participating in any part of the Transactions or use of the Service. 6.Intellectual Property Rights 6.1.Flowty IP. You acknowledge that, as between you and Flowty, Flowty owns all right, title, and interest, including all intellectual property rights, in and to the Service. The Flowty word mark and all related names, logos, products and service names, designs, and slogans are trademarks of Flowty or its affiliates or licensors. You must not use such marks without the prior written permission of Flowty. All other names, logos, product and service names, designs, and slogans made available through the Service are the trademarks of their respective owners. 6.2.NFT Rights. As between Flowty and you as an NFT Holder, you retain all available right, title, and interests in and to the NFT, subject in all cases to rights reserved by the applicable NFT Issuer. If you are participating in the Service as an NFT Holder and postingyour NFT through the Service, you hereby grant to Flowty a non-exclusive, royalty-free, worldwide license to display the NFT and perform all acts with respect to the NFT as may be necessary for Flowty to provide the Service to you and its Users, includingwith respect to the Flowty Storefront. You represent and warrant
9 that you have all necessary rights, licenses, consents, and authorizations from third parties (including the applicable NFT Issuer), to provide the rights for Flowty to display any appropriate NFT that you decide to post using the Service. 6.3.User Data. Flowty acknowledges that, as between Flowty and you, you own all right, title, and interest, including all intellectual property rights, in and to your User Data, excluding any Statistical Data.You hereby grant to Flowty a non-exclusive, royalty-free, worldwide license to reproduce, distribute, and otherwise use and display the respective User Data and perform all acts with respect to the User Data as may be necessary for Flowty to provide the Service to you, and a non-exclusive, perpetual, irrevocable, royalty-free, worldwide license to reproduce, distribute, modify, and otherwise use and display User Data incorporated within the Statistical Data. 6.4.Third Party Services. Flowty is not responsible for any Third-Party Service and disclaims any liability with respect to any such Third-Party Service. Such Third-Party Service may include terms and conditions of such Third-Party Service provider, and you are responsible for reviewing such terms and conditions prior to using any such Third-Party Service. 7.Representations, Warranties, Covenants, and Release 7.1.User Representations, Warranties and Covenants. You represent, warrant, and covenant to Flowty that: a)You own or otherwise have and will have the necessary rights and consents (as applicable) in and relating to the Digital Assets that are the subject of any Transactions in accordance with this Agreement; b)Your Digital Assets do not and will not infringe, misappropriate, or otherwise violate any intellectual property rights (including those related to any patent, copyright, trademark, trade secret, database protection, or other intellectual property rights laws, and all similar or equivalent rights or forms of protection, in anypart of the world), or any privacy or other property rights of any third party; and c)You will not use the Service in any way other than as authorized by this Agreement, including in any way that may violate any Applicable Law. 7.2.Release of Disputes with Users. IF YOU HAVE A DISPUTE WITH ONE ORMORE USERS RELATED TO A TRANSACTION, YOU RELEASE US FROM CLAIMS, DEMANDS, AND DAMAGES OF EVERY KIND AND NATURE, KNOWN AND UNKNOWN, ARISING OUT OF OR IN ANY WAY CONNECTED WITH SUCH DISPUTES. IN ENTERING INTO THIS RELEASEYOU EXPRESSLY WAIVE ANY PROTECTIONS (WHETHER STATUTORY OR OTHERWISE) THAT WOULD OTHERWISE LIMIT THE COVERAGE OF THIS RELEASE TO INCLUDE THOSE CLAIMS WHICH YOU MAY KNOW OR SUSPECT TO EXIST IN YOUR FAVOR AT THE TIME OF AGREEING TO THIS RELEASE. 8.Warranty Disclaimer 8.1.FLOWTYDISCLAIMEROFWARRANTIES.THESERVICEISPROVIDED“ASIS.”FLOWTY SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A
12 writtennotificationtoourcopyrightagentdesignatedinSection11.3below.PursuanttotheDMCA, theCounterNoticemustincludesubstantiallythefollowing: •Your physical orelectronic signature; •An identification of the material that has been removed or to which access has been disabled and the location at which the material appeared before it was removed or access disabled; •Adequate information by which we can contact you (including your name, postal address, telephone number, and, if available, email address); •A statement under penalty of perjury by you that you have a good faith belief that the material identified above was removed or disabled as a result of a mistake or misidentification of the material to be removed or disabled; and •A statement that you will consent to the jurisdiction of the Federal District Court for the judicial district in which your address is located (or if you reside outside the United States for any judicial district in which the Service is used) and that you will accept service from the person (or an agent of that person) who provided the Service. 11.3.FlowtyDesignated Agent. Flowty’s designatedcopyrightagent to receive a DMCANoticeandCounter Noticemaybecontactedasfollows: DMCA Notifications flowtyNFT Inc. 2444 Boston Post Rd #1014 Larchmont, NY 10538 Phone:+1-914-200-4384 Email:copyright@flowty.io 11.4.RepeatInfringers. It is our policy in appropriate circumstances to block access to the Service for Users who are repeat infringers. 12.Monitoring and Enforcement; Termination.Flowty has the right to: a)Hide,remove, or refuse to post any NFTs for any or no reason in our sole discretion; b)Take any action with respect to any NFTs that we deem necessary or appropriate in our sole discretion, including if we believe that such NFTs violate this Agreement, infringe any intellectual property right or other right of any person or entity, threaten the personal safety of Users of the Service or the public, or could create liability for Flowty;
13 c)Disclose your identity or other information about you to any third party who claims that material posted by you violates their rights, including their intellectual property rights or their right to privacy; d)Take appropriate legal action, including without limitation, referral to law enforcement, for any illegal or unauthorized use ofthe Service; and e)Terminate or suspend your access to all or part of the Service for any or no reason, including without limitation, any violation of this Agreement. Without limiting the foregoing, we have the right to cooperate fully with any law enforcement authorities or court order requesting or directing us to disclose the identity or other information of anyone posting any materials on or through the Service. YOU WAIVE AND HOLD FLOWTY HARMLESS FROM ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY FLOWTYDURING, OR TAKEN AS A CONSEQUENCE OF, INVESTIGATIONS BY EITHER FLOWTY OR LAW ENFORCEMENT AUTHORITIES. You acknowledge that Flowty cannot review any NFT before it is posted on the Service and cannot ensure prompt hiding or removal of an NFT after it has been posted. Accordingly, we assume no liability for any action or inaction regarding transmissions, communications, or content provided by any User. We have no liability or responsibility to anyone for performance or nonperformance of the activities described in this section. 13.General Provisions 13.1.Notice. All communications, agreements, documents, notices and disclosures that Flowty may provide in connection with the Service will be made available on our website located at flowty.io or as otherwise directed by Flowty. Unless otherwise expressly stated by us in writing, all notices permitted or required by this Agreement will be via email. Notices shall be delivered to the addresses on record which, if to Flowty shall be to the physical address as indicated belowor by emailing info@flowty.io; and if to you, the email address that Flowty has on file. You acknowledge and agree that it is your responsibility to ensure that a current email is on file with Flowty in order to ensure that it may provide legal notice to you as contemplated under this Agreement. Flowty Physical Address: flowtyNFT, Inc. 2444 Boston Post Rd. #1014 Larchmont, NY 10538 13.2.Headings. The headings in this Agreement are for reference only and do not affect the interpretation of this Agreement. 13.3.Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal, or unenforceable, Flowty reserves the right to amend this Agreement to effect the original intent as closely as possible in order that the agreement be consummated as originally contemplated to the greatest extent possible.
14 13.4.Governing Law. This Agreement is governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule that would require or permit the application of the laws of any jurisdiction other than those of the State of Delaware. 13.5.BINDING ARBITRATION, APPLICABLE LAW AND VENUE. Any claim, dispute, controversy or other matter in question arising out of, relating to or in connection with this Agreement (including, without limitation, any dispute regarding its validity or termination, or the performance or breach thereof) that cannot be resolved by negotiation between you and us within thirty (30) days from the date notice of such matter is received by you or us (as the case may be) from the other shall be submitted,upon notice by either you or us, to arbitration before the American Arbitration Association (“AAA”) in Wilmington, Delaware or such other location as mutually agreed. The AAA rules shall apply and you and Flowty each consent to this method of dispute resolution, as well as jurisdiction, and consent to Wilmington, Delaware being a convenient forum for any such claim or dispute. Both Flowty and you waive any right to object to either the method or jurisdiction for such claim or dispute. 13.6.WAIVER OF JURY TRIAL. BOTH FLOWTY AND YOU EACH HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT EITHER PARTY MAY HAVE TO A JURY TRIAL IN RESPECT OF ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE SERVICE AND ANY COUNTERCLAIM THEREIN. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER AND MAKES THIS WAIVER VOLUNTARILY. 13.7.CLASS ACTION WAIVER. THERE WILL BE NO RIGHT OR AUTHORITY FOR ANY DISPUTE TO BE BROUGHT, HEARD, OR ARBITRATED AS A CLASS ACTION (INCLUDING WITHOUT LIMITATION OPT OUT CLASS ACTIONS OR OPT IN COLLECTIVECLASSACTIONS), OR IN A REPRESENTATIVE OR PRIVATE ATTORNEY GENERAL CAPACITY ON BEHALF OF A CLASS OF PERSONS OR THE GENERAL PUBLIC. ALL DISPUTES SHALL BE RESOLVED ON AN INDIVIDUAL BASIS ONLY. 13.8.OPT-OUT OF ARBITRATION, JURY TRIAL AND/OR CLASS ACTION WAIVERS. You have the right to opt out of the waivers provided in Sections,13.5,13.6, and13.7by providing written notice of your intention to do so to Flowty within thirty (30) days of the accepting the terms of this Agreement or otherwise using the Service. Notice must be sent in accordance with the notice provision set forth in Section13.1above. 13.9.Assignment. You shall not assign or otherwise transfer any of your rights, or delegate or otherwise transfer any of your obligations or performance under this Agreement, ineach case whether voluntarily, involuntarily, by operation of law, or otherwise, without Flowty’s prior written consent. Flowty may assign or otherwise transfer any of its rights without your consent. Any purported assignment, delegation, or transfer in violation of this Section13.9is void. This Agreement is binding upon and inures to the benefit of the parties hereto and their respective successorsand permitted assigns. 13.10.Relationship of the Parties. The relationship between the parties is that of independent contractors. Nothing contained in this Agreement shall be construed as creating any agency, partnership, joint
15 venture, or other form of joint enterprise, employment, or fiduciary relationship between the parties, and neither party shall have authority to contract for or bind the other party in any manner whatsoever. 13.11.No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement. 13.12.Entire Agreement. This Agreement, together with any other documents incorporated herein by reference, constitutes the sole and entire agreement of the parties with respect to the subject matter of this Agreement and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter. 13.13.Survival. All Sections, and any right or obligation of the parties in this Agreement, which by their nature should survive termination or expiration of this Agreement, will survive any expiration or termination of this Agreement.
19 usedtoidentifyanyindividualorcompany. “Third-Party Service(s)” means any software, software services, content, data, orother materials, including related documentation, that are owned by third parties other than Flowty. “Transaction(s)” has the meaning set forth in Section2.1. “Users” means any Independent Users, NFT Holders, or individuals and entities that access the Service. “User Data” means information, data, and other content, that is collected, downloaded,or otherwise received, directly or indirectly, from a User by or through the Service and is not made available publicly, but does not include any Statistical Data.
21 Independent Lender Digital Wallet from which the Loan Disbursement Amount was distributed pursuant to Schedule 2, Section 1.1. 1.3.Automated Settlement Process. In the absence of an Early Repayment, at the time the Loan Repayment Date and Time has been reached, the Flowty Smart Contract will initiate the following settlement process (“Settlement Process”) which will validate whether the NFT Holder has both selected the Loan Repayment Opt-In and has Fungible Tokens equal to or greater than the Loan Repayment Amount in the NFT Holder Digital Wallet (“Settlement Conditions”). Upon confirming that the Settlement Conditions are satisfied, the Flowty Smart Contract will distribute the Loan Settlement Amount and release the NFT Collateral and NFT Issuer Royalty as follows: (i) withdraw the Fungible Tokens in the amount of the Loan Repayment Amount from the NFT Holder Digital Wallet and, subject to Section 2.3 above, transfer such Fungible Tokens to the Independent Lender Digital Wallet; (ii) release NFT Issuer Royalty to Independent Lender Digital Wallet; and (iii) release the NFT Collateral to NFT Holder Digital Wallet. If there has not been an Early Repayment and one or more of the Settlement Conditions have not been met, the NFT Holder shall be deemed to be in default of the loan under the respective Direct User Agreement, and the Flowty Smart Contract will release the NFT Collateral to the Independent Lender Digital Wallet and release the NFT IssuerRoyalty to the NFT Issuer Digital Wallet. Flowty does not guarantee that the various functions of the Service and Flowty Smart Contact will be completed within any minimum amount of time following the end of the Loan Term, it being understood that the Service, including the Settlement Process, is subject to Downtime and other delays. 1.4.Automatic Loan Repayment Opt-In. At the time of adding a new listing to the Flowty marketplace, NFT Holder may opt-in to permit the Service to repay the Loan Repayment Amount from NFT Holder Digital Wallet in accordance with Schedule 2, Section1.3above (“LoanRepayment Opt- In”). If NFT Holder has selected the Loan Repayment Opt-In and there has been no Early Repayment, the Flowty Smart Contract will initiate the Settlement Process in accordance with Schedule 2, Section 1.3 above.You are strongly encouraged to select the Repayment Opt-In to reduce the risk of default in the absence of Early Repayment.
23 Wallet. If the Flowty Smart Contract is unable to complete an automatic return, theFlowty Smart Contract will initiate the rental return process in accordance with Schedule 3, Section 1.2 above. You are strongly encouraged to select the Rental Return Opt-In to reduce the risk of losing your Refundable Deposit.
24 Schedule 4 NFTStorefront 1.1.Flowty Storefront Transactions. NFT Holders may list their NFTs for sale (as provided in Section 1.2 of this Schedule), and an Independent Buyer may purchase an NFT, through the Flowty Storefront. Upon acceptance of the List Price (defined below) by anIndependent Buyer,the required Fungible Tokens in the amount of the List Price will be transferred from the Independent Buyer Digital Wallet to the NFT Holder Digital Wallet and the NFT Holder’s NFT will be transferred from the NFT Holder Digital Wallet to the Independent Buyer Digital Wallet. Flowty will receive the Flowty Storefront Transaction Fee from the NFT Holder’s share of the List Price as part of the Transaction. Any applicable NFT Issuer Royalty will also be distributed from the NFT Holder’s share of the List Price as part of the Transaction. 1.2.Listings. NFT Holder may create a listing for an NFT owned by the NFT Holder by (i) identifying the NFT and the designated NFT Holder Digital Wallet that holds such NFTand(ii) setting the respective NFT’s listing price (“List Price”)(each completed listing an “NFT Listing”).